Today, August 14, Turkish integrated mill Kardemir has kept its wire rod prices stable, as compared to its price issued on Wednesday, July 31, against the backdrop of sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $605/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $590/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $610/mt ex-works. According to sources, around 15,000 mt of wire rod were traded in its previous price announcement dated Wednesday, July 31.
Kardemir’s 6-27 mm wire rod price is within the workable price range for the same specifications in Turkey which has varied at around $590-610/mt ex-works depending on the region.
Wire rod prices exclude 20 percent VAT.